MIRA INFORM REPORT

 

 

Report No. :

351488

Report Date :

10.12.2015

 

IDENTIFICATION DETAILS

 

Name :

LOUIS DREYFUS COMMODITIES SUISSE SA

 

 

Registered Office :

Route de l'Aéroport 29, 1215 Genève 15 Aéroport/GE, Switzerland/CH

 

 

Country :

Switzerland

 

 

Date of Incorporation :

1851

 

 

Com. Reg. No.:

660.0.971.006-5 

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

The activities include the trade of commodities such as grains, oilseeds, rice, sugar, ethanol, coffee and cotton.

 

 

No. of Employees :

240

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

Payment Behaviour :

Regular

Litigation :

Clear

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

SWITZERLAND - ECONOMIC OVERVIEW

 

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies.

 

The Swiss have brought their economic practices largely into conformity with the EU's to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.

 

The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with ongoing economic instability in Russia and other eastern European economies continue to pose a significant risk to the Swiss economy, driving up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the Euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011-14.

 

In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards, and is openly considering the possibility of imposing taxes on bank deposits held by foreigners.

 

Source : CIA

 


Company name & address

 

LOUIS DREYFUS COMMODITIES SUISSE SA

 

Operating address:

Route de l'Aéroport 29                                                 Mailing Address:

1215 Genève 15 Aéroport/GE                                       Postfach 236

Switzerland/CH                                                             1200 Genève 15 Aéroport/GE

                                                                                   Switzerland/CH

 

Telephone:                   058 6882700

Fax:                             022 5927468

 

Web site:                      http://www.ldcom.com

E-mail:                         gen-hr@ldcom.com

 

WIN Worldbox No.:       CH0007122055

VAT-No.:                      CHE-112.891.016 MWST

UID-No.:                       CHE112891016

 

 

Profile

 

Established:                 1851

History:                        1851:      Established from Léopold Louis-Dreyfus

Line of Business:          Trade brokers

Industry Division:          Wholesale trade

Industry-code (NACE):  4611       Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

Import/Export:              Agency

Banks:                          unknown

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2015

Employees:                  240

Sales:                          CHF 200-400 Mio

 

 

Activity

 

The activities include the trade of commodities such as grains, oilseeds, rice, sugar, ethanol, coffee and cotton.

 

Products:

- Soybeans, soybean meal, soybean oil, refined soybean oil

- Rapeseed, rapeseed meal, rapeseed oil, refined rapeseed oil

- Sunflower seed, sunflower meal, sunflower oil

- Palm oil and palm oil products

- Biodiesel, glycerin

- Cotton seed, cottonseed oil, and cottonseed meal

- Crystal sugar

- CG Sugar

- Liquid sugar

- Liquid inverted sugar

- VHP sugar

- Refined sugar

- Hydrous ethanol

- Anhydrous ethanol

- Neutral ethanol

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:               660.0.971.006-5

UID-No.:                       CHE112891016

Legal form:                   Company limited by shares

Registration:                 19.04.2006

Legal status:                 active

Responsible Register:   Registre du commerce du canton de Genève

History:                        Date of Statutes: 06.07.2009

                                    Date of Statutes: 15.06.2009

                                    Date of Statutes: 19.09.2007

                                    Date of Statutes: 22.12.2006

                                    Date of Statutes: 23.10.2006

                                    Date of Statutes: 14.07.2006

                                    Date of Statutes: 15.06.2006

                                    Date of Incorporation Statutes: 13.04.2006

 

Entry          Deleted      Name

20.06.2006                    Louis Dreyfus Commodities Suisse SA

19.04.2006  20.06.2006  DOMITIUS SA

 

Entry          Deleted      Legal domicile

19.07.2006                    Le Grand-Saconnex, Switzerland

19.04.2006  19.07.2006  Genève, Switzerland

 

Entry          Deleted      Address

19.07.2006                    Route de l'Aéroport 29, 1218 Le Grand-Saconnex/GE, Switzerland/CH

19.04.2006  19.07.2006  c/o Pfyffer et Associés, Avocats, Rue François-Bellot 6, 1200 Genève/GE, Switzerland/CH

 

Entry          Deleted      Capital

11.01.2007                    Share Capital CHF 87,106,100, paidup CHF 87,106,100

 

Entry          Deleted      Capital Structure

11.01.2007                    871,061 Registered shares of CHF 100.--

 

Entry          Deleted      Activity

15.07.2009                    Trade in all materials, agricultural commodities, goods, finished or semi -finished, directly or indirectly, including the purchase, management and operation of all businesses; operating, chartering vessels or any related transactions; study, design, development, operation, management, stewardship , governance, organization, financing, control of all business or industrial, commercial, financial, agricultural, securities or property; acquisition, operation, sale and exchange of all buildings, excluding operations prohibited, all building constructions, for its own needs, whether for sale or for rent; use of available capital of the company, including purchase, subscription or acquisition in any manner whatsoever, broadcast, sale or trading of shares, stocks and securities of all kinds; formation of any associations, companies, unions or businesses regardless of objects: the granting of all securities for the performance of any enterprise, the acquisition of interests, direct or indirect support to the creation of any new company, merger of existing companies, partial or total disposal of assets and, in any method whatsoever; provision of credit facilities for its subsidiaries, affiliates and sister companies for commercial and/or asset acquisitions, including in particular the application of issuing guarantees, sureties, guarantees bid guarantees good performance, letters of credit and guarantees of payment in full responsibility on behalf of subsidiaries, sister companies and subsidiaries (see complete statutes for full objectives).

 

Entry          Deleted      Remarks

17.06.2014                    Merger: Takeover of the assets and liabilities of Louis Dreyfus Commodities IT Services Suisse SA  at The Grand Saconnex (CHE- 114 496 961), according to the merger agreement of 06.12.2014 and the balance sheet at 31.12.2013, with assets of CHF 7'196'372, liabilities to third parties of CHF 6'096'190 or net assets of CHF 1'100'182. The entire share capital of both companies being owned by the same shareholder, the merger does not give rise to a capital increase or an allocation of shares.

 

 

19.12.2013                    Note: The identification under number CH- 660-0971006-5 is replaced by the CHE-112891016 business identification number (IDE/UID).

18.06.2013                    Merger: Takeover of the assets and liabilities of Louis Dreyfus Commodities Freight Suisse SA, at Le Grand- Saconnex (CH-660-1262007-8) according to the merger agreement of 14.06.2013 and the balance sheet at 31.12.2012, with assets of CHF 16'583'393, liabilities to third parties of CHF 4'498'499 or net assets of CHF 12'084'894. The entire share capital of both companies being owned by the same shareholder, the merger does not give rise to a capital increase or an allocation of shares.

 

Takeover of the assets and liabilities of LOUIS DREYFUS COMMODITIES JUICES SWITZERLAND SA, Le Grand- Saconnex (CH- 660-2679011-8 ) according to the merger agreement of 14.06.2013 and the balance sheet at 31.12.2012, with assets of CHF 1'122'613'841, liabilities to third parties of CHF 1'035'970'873 or net assets of CHF 86'642'968. The entire share capital of both companies being owned by the same shareholder , the merger does not give rise to a capital increase or an allocation of shares.

 

 

25.06.2009                    Reports: Communication to shareholders registered letter or fax .

11.01.2007                    Contribution in kind/Asset takeover: According contract of 22.12.2006, all the shares of the company Louis Dreyfus & Co Limited, Cardiff, UK, being 32'445'000 shares of USD 1 for a value of CHF 114'432'000, in return for which are given 343'296 shares of CHF 100 registered shares and the balance constituting a premium.

 

 

19.04.2006                    Publishing authority: SHAB Swiss Gazette

 

 

Official Administration

 

Title                                           Name

President                                    Andrea Maserati

                                                  Citizen: Italy

                                                  Residential address: Commugny, Switzerland

                                                  single signature

                                                  Registered since: 27.07.2015

Vice-President                            Federico Cerisoli

                                                  Citizen: Argentina

                                                  Residential address: Presidente Derqui, Argentina

                                                  single signature

                                                  Registered since: 14.08.2013

Director                                      Alexandre Montavon

                                                  Citizen: Boécourt, Switzerland

                                                  Residential address: 1200 Genève/GE, Switzerland

                                                  single signature

                                                  Registered since: 19.04.2006

Director                                      Walter Soares

                                                  Citizen: United States of America

                                                  Residential address: Chêne-Bougeries, Switzerland

                                                  single signature

                                                  Registered since: 06.01.2014

 

 

Management

 

Title                                           Name

Vice-Director                               Maria Tereza Do Carmo

                                                  Citizen: Grande-Bretagne, Switzerland

                                                  Residential address: Genève, Switzerland

                                                  joint signature of two

                                                  Registered since: 29.11.2006

Member with procuration             Peregrine Allen

                                                  Citizen: Grande-Bretagne, Switzerland

                                                  Residential address: Nernier, France

                                                  joint power of attorney of two

                                                  Registered since: 30.01.2008

Member with procuration             Keir Ashton

                                                  Citizen: United Kingdom

                                                  Residential address: Divonne-les-Bains, France

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             William Ballenden

                                                  Citizen: United Kingdom

                                                  Residential address: Trélex, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Guillermo Benedit

                                                  Citizen: Argentina

                                                  Residential address: Gingins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Eric Bourgi

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Tim Bourgois

                                                  Citizen: Belgium

                                                  Residential address: Begnins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 14.08.2007

Member with procuration             Estuardo Bravo Ericastilla

                                                  Citizen: Lausanne, Switzerland

                                                  Residential address: Le Vaud, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Toby Chamberlain

                                                  Citizen: United Kingdom

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Benjamin Clarkson

                                                  Citizen: United Kingdom

                                                  Residential address: Nyon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Marc Corvaisier

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Peter de Guingand

                                                  Citizen: Australia

                                                  Residential address: Pers-Jussy, France

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Pierre de Somer

                                                  Citizen: Belgium

                                                  Residential address: Trélex, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 14.08.2007

Member with procuration             Frédéric Delacrausaz

                                                  Citizen: Epalinges, Switzerland

                                                  Residential address: Crissier, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 28.03.2008

Member with procuration             Guy Du Bois de Montule

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  single power of attorney

                                                  Registered since: 29.11.2006

Member with procuration             Pascal Durouchoux

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.11.2006

Member with procuration             Claude Ehlinger

                                                  Citizen: Luxembourg

                                                  Residential address: Genève, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Hidde Eikelboom

                                                  Citizen: Netherlands

                                                  Residential address: Nyon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 25.11.2015

Member with procuration             Ezz El Din El Sherif

                                                  Citizen: Genève, Switzerland

                                                  Residential address: Collex-Bossy , Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.11.2006

Member with procuration             Jean-Marc Foucher

                                                  Citizen: France

                                                  Residential address: 1200 Genève/GE, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Gauthier Froment

                                                  Citizen: France

                                                  Residential address: Gland, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Yan Francesco Guardia de Ponté

                                                  Citizen: France

                                                  Residential address: Viry, France

                                                  joint power of attorney of two

                                                  Registered since: 25.11.2015

Member with procuration             Ross Hawkins

                                                  Citizen: United Kingdom

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Oliver Jackson

                                                  Citizen: United Kingdom

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             James Kilpatrick

                                                  Citizen: Australia

                                                  Residential address: Founex, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Sébastien Landerretsche

                                                  Citizen: France

                                                  Residential address: Singapour, Singapore

                                                  single power of attorney

                                                  Registered since: 25.11.2015

Member with procuration             Stig Larsson

                                                  Citizen: Sweden

                                                  Residential address: Gland, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Jan-Mikael Mörn

                                                  Citizen: Finland

                                                  Residential address: Genève, Switzerland

                                                  single signature

                                                  Registered since: 27.07.2015

Member with procuration             Gaston Nogues

                                                  Citizen: Argentina

                                                  Residential address: Gingins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 08.10.2012

Member with procuration             Pedro Nonay

                                                  Citizen: Spain

                                                  Residential address: Thônex, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Gaston Noques

                                                  Citizen: Argentina

                                                  Residential address: Gingins, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 08.10.2012

Member with procuration             David Ohayon

                                                  Citizen: France

                                                  Residential address: Chêne-Bougeries , Switzerland

                                                  single power of attorney

                                                  Registered since: 06.12.2006

Member with procuration             Isabella Perrin

                                                  Citizen: Dintikon, Switzerland

                                                  Residential address: La Rippe , Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             François-Philippe Pic

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Jean-François Rapin

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Gijsbert Rotmans

                                                  Citizen: Netherlands

                                                  Residential address: Bergschenhoek, Netherlands

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Olivier Saur

                                                  Citizen: France

                                                  Residential address: Gland, Switzerland

                                                  single signature

                                                  Registered since: 27.07.2015

Member with procuration             Romain Savatier

                                                  Citizen: France

                                                  Residential address: Archamps, France

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             César Soares

                                                  Citizen: Portugal

                                                  Residential address: Aubonne, Switzerland

                                                  single power of attorney

                                                  Registered since: 08.10.2012

Member with procuration             Mikhail Soroko

                                                  Citizen: Genève, Switzerland

                                                  Residential address: Lancy, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Bille Olaf Ter

                                                  Citizen: Netherlands

                                                  Residential address: Nyon, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Julien Terrisse

                                                  Citizen: France

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Henricus Van Johannes

                                                  Citizen: Netherlands

                                                  Residential address: Chêne-Bourg , Switzerland

                                                  single power of attorney

                                                  Registered since: 27.07.2015

Member with procuration             Felix Von Pezold

                                                  Citizen: Zürich, Switzerland

                                                  Residential address: Genève, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 29.11.2006

Member with procuration             Minji Zhai

                                                  Citizen: China

                                                  Residential address: Genève, China

                                                  joint power of attorney of two

                                                  Registered since: 27.07.2015

Member with procuration             Pierre-Yves Zimmerli

                                                  Citizen: Männedorf, Switzerland

                                                  Residential address: Rolle, Switzerland

                                                  joint power of attorney of two

                                                  Registered since: 28.03.2008

Member with procuration, Member with procuration       Jean-Christian Michel Fages

                                                  Citizen: France

                                                  Residential address: Menthon-Saint-Bernard, France

                                                  single power of attorney

                                                  Registered since: 25.11.2015

 

 

External Positions

 

Title                                           Name

Auditor                                       Deloitte SA

                                                  Residential address: Meyrin, Switzerland

                                                  Id: CH-660-0778984-7

                                                  Registered since: 05.05.2009

 

 

Ultimate Parent Company

 

Name:                          Louis Dreyfus Holding B.V.

City/Country:                Amsterdam, Netherlands/NL

 

 

Direct owner/-s

 

No. of owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Louis Dreyfus Commodities International AG

City/Country:                Luzern/LU, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest (since 22.12.2006)

 

The Group is privately held by the Louis-Dreyfus family, controlled by the Robert Louis-Dreyfus trust and approximately 15% employee-owned. Founded and based in Europe, LDCommodities enjoys strong regional presence in North and South America, Europe, Asia, the Middle-East and Africa.

 

LD Commodities operates with the drive of a young organization, tempered and fuelled by 160 years of experience and expansion in the field of agricultural commodities. Today, with offices in more than 55 countries and over 34,000 employees at the peak season, the Group stands strong, pragmatic and diversified, guided by a multi-cultural management staff devoted to its aims and to its unique business model.

 

Key Figures:

Established in 1851

Presence in more than 55 countries:

6 regions organized around 4 segments and 13 main platforms

Over 20,000 employees at the peak season

Over US$57 billion net sales (FY 2012)

Over US$1.1 billion consolidated net profit - group share (FY 2012)

 

 

Sisters

 

Name:                          LDC HOLDING INC

City/Country:                Wilmington/Delaware, United States of America/US

 

Name:                          Louis Dreyfus Commodities Asia Pte. Ltd.

City/Country:                Singapur, Singapore/SG

 

Name:                          Louis Dreyfus Commodities Colombia S A S

City/Country:                Kolumbien, Colombia/CO

 

Name:                          Louis Dreyfus Commodities España SA

City/Country:                Madrid, Spain/ES

 

Name:                          Louis Dreyfus Commodities Italia s.p.a.

City/Country:                Ravenne, Italy/IT

 

Name:                          Louis Dreyfus Commodities North American Ventures GmbH

City/Country:                Luzern/LU, Switzerland/CH

 

Name:                          Louis Dreyfus Commodities Polska

City/Country:                Warschau, Poland/PL

 

Name:                          Louis Dreyfus Commodities Portugal, LDA

City/Country:                Lisboa, Portugal/PT

 

Financial Data Louis Dreyfus Holding B.V.

 

Consolidation:              consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                    31.12.2014        31.12.2013        31.12.2012

Number of months:                                     12                    12                    12

Currency:                                               mil. USD          mil. USD          mil. USD

Statement norm:                                  Local GAAP     Local GAAP     Local GAAP

 

Balance Sheet

Other tangible fixed assets                           3,847.0             3,673.0             3,370.0

Tangible fixed assets                                    3,847.0             3,673.0             3,370.0

Financial fixed assets                                      764.0                788.0                829.0

other fixed assets                                           278.0                278.0                222.0

Fixed assets                                                4,889.0             4,739.0             4,421.0

 

Stocks                                                         6,013.0             5,508.0             5,977.0

Trade accounts receivable                             7,480.0             7,963.0             7,730.0

other trade accounts                                     1,051.0                965.0             1,010.0

Other current assets                                      1,051.0                965.0             1,010.0

Current assets                                           14,544.0           14,436.0           14,717.0

 

Total assets                                               19,433.0           19,175.0           19,138.0

 

Other shareholders funds                              4,919.0             4,980.0             4,709.0

Total shareholders equity                            4,919.0             4,980.0             4,709.0

 

Minority interests                                               16.0                  49.0                 57.0

long term debt (financial debts)                     2,939.0             3,586.0             2,570.0

Other non current liabilities                               730.0                689.0                658.0

Non current liabilities                                  3,669.0             4,275.0             3,228.0

 

short term debt (financial debts)                    6,154.0             4,942.0             6,195.0

Trade accounts payable                                4,675.0             4,929.0             4,949.0

other current liabilities                                         0.0                   0.0                   0.0

Current liabilities                                       10,829.0             9,871.0           11,144.0

 

Shareh. equity, min. int. & liabilities          19,433.0           19,175.0           19,138.0

 

Profit and loss account

Net sales                                                    64,719.0           63,596.0           57,140.0

Other operating revenue                                    61.0

Operating revenue                                     64,780.0           63,596.0           57,140.0

 

Cost of goods sold                                    62,919.0           61,854.0           54,819.0

Gross profit                                                 1,861.0             1,742.0             2,321.0

Other operating expenses                                797.0                801.0                788.0

Operating result                                          1,064.0                941.0             1,533.0

 

Financial income                                                 0.0

other financial expenses                                  227.0                180.0                195.0

Financial expenses                                          227.0                180.0                195.0

Financial result                                               -227.0               -180.0               -195.0

Result before extraordinary items                   837.0                761.0             1,338.0

 

Extraordinary expenses                                                                                  151.0

Extraordinary Result                                                                                      -151.0

Result before taxes                                         837.0                761.0             1,187.0

 

Taxes                                                             191.0                122.0                235.0

Result before minority interests                        646.0                639.0                952.0

Result for the financial year                            646.0                639.0                952.0

 

Notes

Added value                                                   837.0                761.0             1,187.0

Working Capital                                            8,818.0             8,542.0             8,758.0

Net Current Assets                                        3,715.0             4,565.0             3,573.0

Sales per Employee                                            3.0                   2.9

 

Employees  at year end                                 21,700              22,000

 

 

Investments

 

Class:                          100%

Name:                          Socef, Société Commerciale de Céréales & Financière SA

City/Country:                Cointrin/GE, Switzerland/CH

Interest:                        100,00% voting right, 100,00% capital interest

 

 

Financials

 

Balance sheet publication:     

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

22.03.2013          2013                           0                                      Legal actions

31.12.2012          2012                           0                                      Legal actions

31.12.2011          2011                           0                                      Legal actions

31.12.2010          2010                           0                                      Legal actions

31.12.2009          2009                           0                                      Legal actions

31.12.2008          2008                           0                                      Legal actions

31.12.2007          2007                           0                                      Legal actions

Official bankruptcy reports:

No bankruptcy publications available on the subject.

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Sanctions List

 

The company is not listed in the World Compliance database.

 

 

Payment experiences

 

Debt collection case:

JUL 2015: CHF 4'141.00, paid.

OCT 2012: CHF 1'194.00, paid.

AUG 2012: CHF 1'911.00, paid.

MAR 2009: CHF   640.00, paid.

NOV 2008: CHF   498.00.

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

Financial Situation:        The financial situation appears to be good.

 

Payment experiences:   Payment habits are considered good.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.29

Euro

1

Rs.72.89

CHF

1

Rs.67.88

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 


               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.